---
title: "Most Chinese concept stocks rose in pre-market trading in the U.S., South Korean stocks approached a bull market, the MSCI Global Stock Index hit a new high, and gold and crude oil remained nearly flat"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243055926.md"
description: "After the political situation in South Korea became clear, the Korean stock market approached a bull market, with the Kospi index rising by about 2.7% and the Korean won appreciating by about 0.8%. European and Asian stock markets generally rose, helping the MSCI Global Stock Index reach a record high. In pre-market trading of U.S. stocks, most Chinese concept stocks rose, with NIO up about 1%, Alibaba up about 1%, and Baidu up about 1%"
datetime: "2025-06-04T14:43:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243055926.md)
  - [en](https://longbridge.com/en/news/243055926.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243055926.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/243055926.md) | [繁體中文](https://longbridge.com/zh-HK/news/243055926.md)


# Most Chinese concept stocks rose in pre-market trading in the U.S., South Korean stocks approached a bull market, the MSCI Global Stock Index hit a new high, and gold and crude oil remained nearly flat

Optimism on Wall Street has increased due to favorable employment data in the United States, while the Asian market has seen a rise in investor risk appetite influenced by the clear situation following the South Korean elections.

After two consecutive days of gains in U.S. stocks, U.S. stock index futures hovered near the flat line on Wednesday. European and Asian stock markets generally rose, pushing the MSCI Global Stock Index to a record high, the U.S. dollar index fell slightly, U.S. Treasury yields remained stable, spot gold was nearly flat, and oil prices dipped slightly. Following the clarification of the political situation in South Korea, the Korean stock market approached a bull market, with the Kospi index rising 2.7%, up over 20% from its April low, and the Korean won appreciating about 0.8%.

Here are the movements of core assets:

> U.S. stock index futures were mixed, nearly flat, with the Dow Jones slightly up about 0.1%.
> 
> The MSCI AC Global Index rose above the historical high reached in February.
> 
> The Nikkei 225 index closed up 0.8%. The Topix index closed up 0.5%.
> 
> The South Korea Composite Stock Price Index closed up 2.7%, at 2770.84 points, entering a technical bull market.
> 
> Most European stocks rose, with German stocks up over 0.7% and French stocks up over 0.3%.
> 
> The U.S. dollar index fell slightly by 0.1%, the euro rose slightly by 0.1%, and the Indian rupee fell 0.5% against the dollar, hitting its lowest level since May 23, underperforming other Asian currencies.
> 
> U.S. Treasury yields mostly rose slightly, with the 10-year U.S. Treasury yield rising by less than 1 basis point.
> 
> Most cryptocurrencies rose slightly, with Bitcoin up about 0.15% to above $105,000.
> 
> Spot gold was nearly flat, while U.S. oil and Brent oil fell slightly by nearly 0.1%.

Hebe Chen, an analyst at Vantage Markets, stated: "As macroeconomic and political signals become clearer, market sentiment is boosted."

Some economists are concerned that tariff policies may lead to a significant weakening of the U.S. labor market in the coming months, but current data does not indicate this. The labor market's better-than-expected performance has enhanced market optimism, with investors awaiting more data on the labor market, including the U.S. May ADP employment data, May services PMI data released on Wednesday, and the non-farm payroll report on Friday.

Moritz Kraemer, chief economist at LBBW Bank, stated: "We have not yet seen a significant impact of tariffs on the labor market, inflation, etc.; these effects may be delayed."

U.S. stock index futures were mixed, nearly flat.

CrowdStrike's U.S. stock fell nearly 7% in pre-market trading, as the company's second-quarter revenue forecast fell short of market expectations.

In pre-market trading, most Chinese concept stocks rose, with Nio up about 1%, Alibaba up about 1%, and Baidu up about 1%

### Related Stocks

- [Baidu, Inc. (BIDU.US)](https://longbridge.com/en/quote/BIDU.US.md)
- [BIDU-SW (09888.HK)](https://longbridge.com/en/quote/09888.HK.md)
- [NIO Inc (NIO.SG)](https://longbridge.com/en/quote/NIO.SG.md)
- [NIO Inc (NIO.US)](https://longbridge.com/en/quote/NIO.US.md)
- [NIO-SW (09866.HK)](https://longbridge.com/en/quote/09866.HK.md)
- [CrowdStrike Holdings, Inc. (CRWD.US)](https://longbridge.com/en/quote/CRWD.US.md)

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